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Special committee report details governance reforms needed at Nissan

Jaclyn Jaeger | April 3, 2019

Japanese automaker Nissan has a whole mess of governance failures it needs to fix, according to the findings of a recently published special committee report.

In November 2018, Carlos Ghosn was dismissed from his chairman role, following his arrest by Japanese prosecutors for engaging in financial misconduct. Immediately preceding his arrest, Nissan had issued a statement announcing that it had been conducting an internal investigation “over the past several months” regarding misconduct involving Ghosn and representative director Greg Kelly.

The internal investigation, sparked by a whistleblower report, revealed that “over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock...

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